Release date: 30 May 2003
Promoter – Financial Intermediary
Borrower: Ministry of Economy and Foreign Trade
Final Beneficiary: Private sector SMEs
Location
Description
The proposed loan is aimed at the partial financing of long-term investments undertaken by private sector small and medium sized enterprises (SMEs) in all eligible sectors of the Syrian economy.
Objectives
The project’s objective would be to assist the development of Syria's private sector and encourage progress with market liberalisation and financial sector reform. The global loan would support private sector industrial activities and tourism while contributing to the development of term finance, an important element for the development of the financial system.
Comments
Projects in various sectors
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 40 million
Environmental aspects
The promoter will be instructed on the Bank’s environmental requirements and requested to ensure compliance of the sub-projects with national and EU directives, as appropriate.
Procurement
The promoter will be requested to ensure compliance of the sub-projects with EU directives, as appropriate.
Status
Signed - 10/09/2003
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).